Physical Rubber prices showed weakness on Tuesday due to lack of genuine buyers in the market. Further, expectation of a rise in domestic production this season amid sluggish demand, too putting more pressure on the rubber prices. Spot prices for RSS-4 variety declined to 133/ kg compared to its previous closing of Rs 136/ kg; while the RSS-5 variety fell to 129/ kg compared to its previous closing of Rs 131/ kg.
In the futures market, October delivery fell to Rs 125.55 compared to its previous closing of Rs 125.61, while November delivery was at Rs 123.50 compared to its previous close of Rs 123.67 on the Indian Commodity Exchange Limited (ICEX).
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